The Nature of Swap Contracts Is Usually Based on the Best

question 12

Multiple Choice

The nature of swap contracts is usually based on the best practices suggested by the ________,

• A) Options Clearing Corporation
• B) Chicago Board Options Exchange
• C) International Swap and Derivatives Association
• D) Securities Exchange Commission

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Definitions:

Straight-Line Method

A depreciation method applying an equal expense rate each year over the useful life of the property.

Estimated Residual Value

The anticipated market value of an asset at the end of its useful life, used in calculating depreciation.

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly.

Depreciation Expense

Systematically spreading the expense of a physical asset over its duration of utility.